A Doubletree by Hilton
In March 2013, Channel West, in partnership with an institutional investment fund, acquired the 277-room Courtyard by Marriott in Marina Del Rey, California. The hotel was rebranded as Hotel MdR, a Doubletree by Hilton, and underwent a full common area renovation including opening ceilings, moving exterior window lines, and relocation of the bar and restaurant. The striking design took full advantage of the hotel's orientation around a generous pool and courtyard and introduced indoor-outdoor restaurant and bar areas. Strategically located in the dynamic 'Silicon-Beach' area, Hotel MdR serves both business and leisure travelers seeking clean and contemporary accommodations near the ocean.
As a result of the comprehensive physical upgrades, bringing on new management, and the change in brand affiliation, Hotel MdR grew its NOI by more than 2.5 times over the first three years of our ownership period.
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